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About the Listing 3422 - 76582
Exceptional investment opportunity featuring 2 detached homes on 1 lot in Downtown Renton. Perfect for investors seeking strong cash flow or owner-occupants looking to offset their mortgage by living in one home and renting the other. Currently generating $7,200/month ($86,400 annually) in gross rental income with an attractive 7.6% CAP Rate. One home is leased at $4,325/month to long-term tenants, while the second rents for $2,875/month. Both homes have been updated with newer roofs and exterior paint. Unit A has been fully renovated with new flooring, kitchen, bathroom, and appliances. Each home offers approximately 1,100 sq ft, 2 bedrooms, 1 bathroom, and full-size washer/dryer+ Addl studio living space for added income. Unlike many income properties, both homes feature spacious private yards. Unit A is accessed from Williams Ave N and includes driveway parking for 2 vehicles plus ample street parking. Unit B is accessed from the alley and features a fully fenced yard, detached 1-car garage, and additional off-street parking. Potential future condo overlay may allow the homes to be sold separately (buyer to verify). Turnkey investment with immediate income, owner-occupant flexibility, and long-term upside.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full / 1 Three-Quarter
- Appliances: Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
- Air Cond:
- Heating: Forced Air,Wall Furnace
- Fireplaces: 1, Electric,1 Fireplace
- Floor: Laminate,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Fireplace,Water Heater,Master on Main
- Water: City of Renton
Exterior Details
- Lot Description: Curbs,Sidewalk,Detached,Cable TV,Deck,Fenced-Fully,High Speed Internet,Patio
- Garage Capacity: N/A
- Parking Spaces: 5
- Roof: Composition
- Others: Wood,Wood Products,Average
- Sewer: City of Renton
- Parking Features: Driveway,Detached Garage
Financial Details
- Tax Amount: $6,075
- Taxes w/Assessments: N/A
- Tax/Property ID: 7225500375
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
320 Williams Ave N Renton, WA 98057
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